Generalist · Jeonju-si, Jeollabuk-do, South Korea
National Pension Service
Q4 2025 · compared with Q3 2025
- Software
- $14.2B
- Weight of 13F
- 10.5%
- Names
- 59
- Net bought
- +$1.8B
Filed 10 February 2026 · SEC filing.
561 positions in the whole 13F.
Quarters on file
Each quarter on file, back to June 2016 when the filing exists. Net bought is the share change from the previous quarter at that quarter’s close. A split that leaves the dollar value in place counts as flat.
- Q2 202651 names$12.1B+$243M
- Q1 202655 names$11.2B+$399M
- Q4 202559 names$14.2B+$1.8B
- Q3 202557 names$15.6B+$541M
- Q2 202549 names$14.4B+$103M
- Q1 202549 names$11.4B+$439M
- Q4 202449 names$12.1B+$269M
- Q3 202451 names$11.5B+$1.3B
- Q2 202450 names$10.1B+$338M
- Q1 202448 names$9.6B+$255M
- Q4 202346 names$8.5B+$133M
- Q3 202346 names$7.0B+$81.3M
- Q2 202345 names$7.2B+$267M
- Q1 202343 names$5.9B+$205M
- Q4 202246 names$4.9B+$37.4M
- Q3 202249 names$4.8B+$273M
- Q2 202248 names$5.0B+$765M
- Q1 202248 names$5.8B+$275M
- Q4 202148 names$6.3B+$83.1M
- Q3 202146 names$5.7B−$18.4M
- Q2 202146 names$5.5B+$411M
- Q1 202146 names$4.8B+$814M
- Q4 202033 names$4.0B+$123M
- Q3 202031 names$3.5BFlat
- Q2 202031 names$3.3B−$113M
- Q1 202033 names$2.7B+$27.9M
- Q4 201933 names$2.8B+$443M
- Q3 201923 names$2.1B+$76.0M
- Q2 201924 names$2.0B+$138M
- Q1 201921 names$1.7B+$53.3M
- Q4 201821 names$1.5B+$87.7M
- Q3 201821 names$1.5B−$74.5M
- Q2 201824 names$1.4B+$95.0M
- Q1 201823 names$1.2B+$63.6M
- Q4 201718 names$1.1B+$31.8M
- Q3 201720 names$923M+$35.1M
- Q2 201720 names$841M+$74.7M
- Q1 201720 names$718M+$36.6M
- Q4 201621 names$622M+$35.8M
- Q3 201618 names$562M+$42.8M
- Q2 201615 names$489M—
What moved the book
The five software lines with the largest share change this quarter.
Software held
- MicrosoftMSFT14,508,829 shares · 49.5% of their software · price −$498M$7.0B+$114M
- PalantirPLTR4,783,713 shares · 6.0% of their software · price −$22.3M$850M+$56.3M
- OracleORCL3,672,921 shares · 5.1% of their software · price −$317M$716M+$62.4M
- SalesforceCRM2,094,148 shares · 3.9% of their software · price +$58.4M$555M−$26.8M
- AppLovinAPP703,285 shares · 3.3% of their software · price −$31.5M$474M−$92.8M
- IntuitINTU625,963 shares · 2.9% of their software · price −$12.8M$415M−$31.5M
- ServiceNowNOW2,522,974 shares · 2.7% of their software · price −$1.9B$386M+$1.9B
- AdobeADBE1,081,384 shares · 2.7% of their software · price −$3.0M$378M+$45.7M
- Uber Technologies, Inc.UBER4,471,651 shares · 2.6% of their software · price −$72.7M$365MFlat
- Palo Alto NetworksPANW1,754,036 shares · 2.3% of their software · price −$34.1M$323M+$5.9M
- CadenceCDNS751,923 shares · 1.7% of their software · price −$29.1M$235M+$2.8M
- Automatic Data Processing, Inc.ADP911,327 shares · 1.7% of their software · price −$33.1M$234M+$13.2M
- AutodeskADSK788,992 shares · 1.6% of their software · price −$17.1M$234M+$28.9M
- CrowdStrikeCRWD497,475 shares · 1.6% of their software · price −$10.8M$233M+$6.0M
- SynopsysSNPS450,010 shares · 1.5% of their software · price −$10.7M$211M+$11.0M
- CloudflareNET948,003 shares · 1.3% of their software · price −$16.5M$187M+$70.7M
- SnowflakeSNOW655,686 shares · 1.0% of their software · price −$4.1M$144M+$7.3M
- FortinetFTNT1,220,008 shares · 0.7% of their software · price −$5.7M$96.9M−$84.3M
- Strategy IncMSTR614,409 shares · 0.7% of their software · price −$105M$93.4M+$33.1M
- Roper Technologies, Inc.ROP180,795 shares · 0.6% of their software · price −$9.7M$80.5M−$44.2M
- WorkdayWDAY357,141 shares · 0.5% of their software · price −$9.3M$76.7M−$101M
- Fair IsaacFICO42,583 shares · 0.5% of their software · price +$8.3M$72.0M+$7.0M
- Fiserv, Inc.FISV978,757 shares · 0.5% of their software · price −$60.4M$65.7M−$30.8M
- ZoomZM733,004 shares · 0.4% of their software · price +$2.8M$63.3M+$4.7M
- Paychex, Inc.PAYX539,737 shares · 0.4% of their software · price −$7.9M$60.5M+$6.3M
- DatadogDDOG442,345 shares · 0.4% of their software · price −$2.8M$60.2M+$2.2M
- Block, Inc.XYZ833,124 shares · 0.4% of their software · price −$6.0M$54.2M+$4.7M
- MongoDBMDB127,295 shares · 0.4% of their software · price +$13.9M$53.4M+$38.7M
- VeriskVRSK233,749 shares · 0.4% of their software · price −$6.5M$52.3M+$1.1M
- VeevaVEEV225,119 shares · 0.4% of their software · price −$16.8M$50.3M+$4.6M
- CoStarCSGP682,119 shares · 0.3% of their software · price −$11.7M$45.9M+$10.8M
- AtlassianTEAM280,720 shares · 0.3% of their software · price +$685K$45.5M+$6.0M
- BroadridgeBR184,069 shares · 0.3% of their software · price −$2.8M$41.1M+$2.3M
- ZscalerZS179,825 shares · 0.3% of their software · price −$13.4M$40.4M+$1.8M
- Tyler TechnologiesTYL67,568 shares · 0.2% of their software · price −$4.7M$30.7MFlat
- Gen DigitalGEN934,892 shares · 0.2% of their software · price −$1.1M$25.4M+$3.2M
- NetApp, Inc.NTAP180,917 shares · 0.1% of their software · price −$2.1M$19.4M+$2.6M
- SS&CSSNC213,588 shares · 0.1% of their software$18.7M+$2.4M
- Check PointCHKP59,479 shares · 0.1% of their software · price −$1.3M$11.0M−$71.3M
- GoDaddyGDDY87,582 shares · 0.1% of their software · price −$1.1M$10.9M−$27.6M
- VeriSign, Inc.VRSN20,513 shares · 0.0% of their software · price −$751K$5.0M−$39.9M
- TrimbleTRMB57,132 shares · 0.0% of their software$4.5M+$1.5M
- DocuSignDOCU61,797 shares · 0.0% of their software$4.2M+$2.9M
- The Trade DeskTTD79,952 shares · 0.0% of their software · price −$883K$3.0M−$33.4M
- HubSpotHUBS6,791 shares · 0.0% of their software$2.7M−$31.6M
- TwilioTWLO18,545 shares · 0.0% of their software · price +$782K$2.6M+$1.2M
- PTCPTC14,833 shares · 0.0% of their software$2.6M−$41.7M
- CoreWeave, Inc.CRWV27,927 shares · 0.0% of their software · price −$1.8M$2.0MNew · +$3.8M
- NutanixNTNX30,047 shares · 0.0% of their software · price −$682K$1.6M+$1.4M
- PaycomPAYC7,111 shares · 0.0% of their software$1.1M+$891K
- ToastTOST30,403 shares · 0.0% of their software$1.1M+$720K
- Corpay, Inc.CPAY3,455 shares · 0.0% of their software$1.0M−$28.1M
- StoneCo Ltd.STNE64,424 shares · 0.0% of their software$953KNew · +$1.2M
- Grab Holdings LimitedGRAB148,270 shares · 0.0% of their software$740KNew · +$893K
- F5, Inc.FFIV2,636 shares · 0.0% of their software$673K+$553K
- DynatraceDT11,394 shares · 0.0% of their software$494KFlat
- SamsaraIOT12,261 shares · 0.0% of their software$435KFlat
- WixWIX562 shares · 0.0% of their software$58KNew · Flat
- Bentley SystemsBSY880 shares · 0.0% of their software$34KFlat